THELOGICALINDIAN - The Simple Ledger Protocol SLP a badge conception arrangement congenital on top of the Bitcoin Cash BCH arrangement continues to complete as developers accept appear a cardinal of thirdparty applications that abutment SLP tokens Now the onchain BCHbased amusing arrangement Memocash has implemented an SLP badge barter acceptance bodies to account SLP tokens and advertise them for bitcoin cash
Also read: Creating Your Own SLP-Based Token Using Memo
The New Trustless Onchain SLP Token Exchange
Memo.cash is a accepted amusing arrangement that’s congenital on top of the BCH alternation area every activity uses an onchain transaction. For a while now Memo has accrued users and has added a array of appearance back the platform’s inception. News.Bitcoin.com afresh appear on the appliance abacus the adeptness to coin SLP tokens on the Memo belvedere and to store, send, and accept SLP bill as well. At the time, we gave our readers step-by-step instructions on how to excellent an SLP badge application Memo and explained that the action takes beneath than a minute. Back then, the engineers abaft Memo accept added the adeptness for bodies to barter SLP tokens onchain in a safe environment. The new barter service utilizes an open source decentralized trust-less agreement that accepts acquirement offers and transfers application an diminutive transaction.
The creators of Memo acclaimed that the new affection that still has bound functionality and bodies application the barter should accept there adeptness be bugs. Back you appointment the Memo barter page, you’re greeted with options like examination the tokens already listed for sale, the adeptness to advertise a token, and a account of offers you already created. Right now, attractive at the listings folio shows there are bags of SLP tokens actuality awash for assorted amounts of satoshis. Well-known SLP tokens such as Honestcoin (USDH), Spice, Honks, BTC2, and Trump are actuality awash alongside bill you apparently never heard of. The barter listings appearance back the tokens were listed, price, seller, and a tab that allows you to acquirement tokens actuality awash instantly.
Selling Rare Stones
To authenticate how the Memo barter operates, I absitively to excellent six nonfungible tokens from the aforementioned abode and alleged them the Infinity Stones or “IFS.” If you appetite to try to advertise SLP tokens application Memo, you will charge to annals for an annual to adore the new trading feature. People who apperceive the adventure of the Infinity War and Thanos will apperceive that there are six stones bare to complete the Infinity Gauntlet in adjustment to accouter god-like powers. So I minted tokens application the Electron Cash SLP wallet and anniversary badge represents the mind, space, reality, power, time, and body stones. I designed them to be nondivisible and anniversary bean was represented by alone one token. Anniversary bean is additionally tethered to a URL, which leads to the aboriginal Infinity Gauntlet banana book cover.
After the stones (tokens) were artificial I beatific them all to my Memo annual dubbed “Zelda” and prepared to list anniversary bean for sale. On the “List Tokens for Sale” folio the Memo belvedere provides a customizable window to actualize new listings. On this page, I chose the tokens I capital to list, how abounding tokens to list, the amount per token, and the absolute price. I listed the six IFS tokens for 1,560,000 satoshis (0.0156 BCH) per badge and for every completed barter Memo takes a 1.5% fee. So the fee for anniversary IFS barter would be a absolute of 23,400 satoshis (0.000234 BCH).
After creating the listings for all six stones, I again tweeted out my IFS sales on Twitter to let bodies apperceive I had some attenuate nonfungible tokens for sale. Not continued afterwards sending out my tweet, acclaimed BCH backer and banderole Collin Enstad, host of “Collin’ It Like It Is,” a “no babble crypto show,” purchased two of the stones on the Memo exchange. According to Memo, Enstad is the appreciative buyer of the apperception and absoluteness stones. Moreover, Enstad absitively to advertise the two IFS tokens for bifold the amount I awash them for at 3,000,000 and 5,000,000 satoshis. So far there are four Infinity stones (IFS tokens) larboard cat-and-mouse for addition to snatch them up at my amount in an attack to ascendancy the universe. Addition will accept to buy them at Enstad’s amount to abduction his two stones. The Memo.cash SLP barter has a lot of potential, but already an action is submitted there is no way to abolish it appropriate now, the Memo engineers accept explained.
Memo’s New Feature Augments the Broad Range of Support for the SLP Token Universe
Memo abacus a decentralized way for bodies to bandy tokens for BCH in an diminutive appearance bolsters the amusing network’s able features. Just like the latest Cryptophyl barter and the accessible Exchange.Bitcoin.com, which will launch on September 2, the new Memo SLP barter additionally adds added trading clamminess to these different tokens. Furthermore, acclaimed trading platforms like Altilly Exchange, Coinex, Sideshift, and Coinsuper are all advertisement SLP tokens. With all the barter endorsements and wallet abutment from audience like Badger, Ifwallet, Cresent Cash, and Electron Cash, the SLP universe continues to advertise astronomic amounts of avant-garde possibilities. Further, Bitcoin.com will anon be ablution an SLP badge allotment tool that allows bodies to pay assets to groups of specific SLP badge holders. Memo’s contempo trading platform for SLP tokens has been accustomed by the BCH community, while additionally highlighting the addition demography abode aural the BCH and SLP development association over the aftermost few months.
What do you anticipate about the adeptness to advertise and acquirement SLP tokens application the amusing arrangement Memo.cash? Let us apperceive what you anticipate about this accountable in the comments area below.
Disclaimer: Readers should do their own due activity afore demography any accomplishments accompanying to the mentioned software and trading platform. Bitcoin.com or the columnist is not responsible, anon or indirectly, for any accident or accident acquired or declared to be acquired by or in affiliation with the use of or assurance on any content, software, exchange, or casework mentioned in this article. This beat analysis is for advisory purposes only.
Image credits: Shutterstock, Memo.cash, Marvel, Wiki Commons, Infinity War, and George Pérez.
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